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21
City of Pleasanton
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CITY CLERK
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AGENDA PACKETS
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2022
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031522
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3/14/2022 12:24:12 PM
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3/14/2022 12:16:28 PM
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CITY CLERK
CITY CLERK - TYPE
AGENDA REPORT
DOCUMENT DATE
3/15/2022
DESTRUCT DATE
15Y
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Public Comments ATTACHMENT 7 <br />4 Mail 2:47 PM Fri Feb 11 ^ 4. 100% <br />O mercurynews com <br />VIC <br />000 <br />ByJOSEPH GEHA I jgeha@bayareanewsgroup.com I Bay Area News Group <br />PUBLISHED: November 14, 2021 at 6:03 a.m. I UPDATED: November 15, 2021 at 3:02 a.m <br />FREMONT — In a city where the average home sells for about $1.4 million, and where hundreds of <br />homeless people sleep each night in tents, RVs, and cars, city officials have put up more than $27 <br />million to help create more than 400 affordable apartments in three different proposed housing <br />projects. <br />The Fremont City Council's unanimous vote on Nov. 2 to back the projects will help chip away at a <br />regional housing production goal assigned to the city to help combat the Bay Area's housing crisis. <br />Developers of the projects say the upfront funding will help them compete for other funding <br />sources down the line. <br />While the three projects will receive a total of $27.6 million following the vote, the council also <br />indicated it is willing to spend up to about $49 million in city affordable housing funds to support <br />the projects overtime. <br />"We have an affordable housing crisis and a homelessness crisis, so we definitely need all the <br />affordable housing we can get;" Councilman Raj Salwan said in an interview. <br />3 <br />
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